Mr. Nick Blitterswyk reports

UGE ACHIEVES COMMERCIAL OPERATION FOR ROOFTOP COMMUNITY SOLAR PROJECT IN QUEENS, NEW YORK

UGE International Ltd. has reached commercial operation on its 376-kilowatt (kW) rooftop community solar project in Queens, N.Y.

The project sits atop a 116,725-square-foot modern warehouse located on Conduit Ave. near John F. Kennedy International Airport, that is owned and developed by New York-based real estate developer Wildflower Ltd. LLC. This will be UGE's fifth solar project completed with Wildflower, with another three currently under development.

"Our long-term partnership with UGE supports Wildflower's mission to create innovative, sustainable and socially beneficial physical infrastructure in New York City," said Adam Gordon, managing partner of Wildflower. "We are pleased to be bringing yet another community solar project to life with UGE."

As part of a continuing partnership announced in November, 2021, wireless provider T-Mobile will serve as the project's anchor energy offtaker, supporting T-Mobile's commitment to power its business using 100 per cent renewable energy. UGE will reserve 50 per cent of the project's energy output for low-to-moderate-income subscribers, allowing these households and businesses to save upward of 10 per cent on their electricity costs.

Subscriber acquisition and management for this and several other New York-area projects are handled by Ampion.

"Ampion is proud to work with UGE to bring the benefits of clean energy to New York residents," said Nate Owen, Ampion's chief executive officer. "The Conduit rooftop solar site will provide meaningful electricity savings to New Yorkers who need them most. Underserved New York residents will now benefit from discounted clean energy. We look forward to providing a superlative subscriber experience and ensuring the successful performance of the project."

UGE had the Queens project appraised by a third party for a fair market value of $3.20 (U.S.)/watt, with a project total of $1.2-million (U.S.). UGE will receive a grant through New York State Energy Research and Development Authority (NYSERDA)'s Clean Energy Communities program, which is designed to help incentivize, among other clean energy priorities, the development of community solar programs and specifically those which serve LMI communities. UGE's grant is expected to total $185,000 (U.S.).

Each year, the Queens project will offset more than 450 metric tonnes of CO2 (carbon dioxide), the equivalent produced by burning over 50,000 gallons of gasoline. With the completion of this project, UGE's operating portfolio now stands at 5.6 megawatts (MW), with an additional 17.7 MW of projects currently in the construction and deployment phase of development.

About UGE International Ltd.

UGE develops, owns and operates community and commercial solar and battery storage projects. Its distributed energy solutions provide cheaper, cleaner energy to businesses and households throughout the United States. With over 500 megawatts of project experience, it is working daily to make renewable energy accessible and affordable for all.

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